JPM’s Kelly Says V-Shaped U.S. Recovery to ‘Slow A Lot’ in 4Q

The video features a discussion with JP Morgan's Chief Global Strategist on the current economic recovery, which is expected to slow down. The strategist advises caution in investment strategies, highlighting the risks of momentum stocks and the importance of valuations. He predicts potential market corrections and a return to single-digit returns. The discussion also covers sector performance, with a focus on tech stocks and the value vs. growth debate. Finally, the video provides projections for GDP growth and employment, considering the impact of the pandemic and demographic changes.

What is the main reason for the expected slowdown in the economic recovery?

• Improved global trade

• Decreased government intervention

• Higher taxes and interest rates

• Increased consumer spending

Why is it important for investors to be cautious with momentum stocks?

• They are less volatile

• They are undervalued

• They guarantee high returns

• They may be overvalued and face corrections

Which type of stocks are expected to perform better in a post-pandemic economy?

• Value stocks

• Tech stocks

• Growth stocks

• Small-cap stocks

What is the projected GDP growth rate for 2022 once full employment is achieved?

• 4-5%

• 6-7%

• 8-9%

• 2-3%

What demographic issue is expected to impact GDP growth?

• Higher immigration rates

• Aging population

• Urbanization

• Increased birth rates